Find the amount that needs to be invested if the investors want to receive an annual net
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Question:
Find the amount that needs to be invested if the investors want to receive an annual net income worth 5,400,000 for 7 years. Use Hoskold's Formula to compute the price if the money is worth 8% on a sinking fund and the yield of interest is 5%.
Price =
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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